Sivia Capital Partners LLC Buys 628 Shares of Micron Technology, Inc. $MU

by · The Cerbat Gem

Sivia Capital Partners LLC lifted its stake in Micron Technology, Inc. (NASDAQ:MU – Free Report) by 21.7% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,528 shares of the semiconductor manufacturer’s stock after purchasing an additional 628 shares during the period. Sivia Capital Partners LLC’s holdings in Micron Technology were worth $435,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in MU. Sunbeam Capital Management LLC bought a new position in shares of Micron Technology in the 4th quarter worth $26,000. Opal Wealth Advisors LLC acquired a new stake in Micron Technology during the 1st quarter worth $33,000. AllSquare Wealth Management LLC raised its stake in Micron Technology by 100.0% during the 1st quarter. AllSquare Wealth Management LLC now owns 400 shares of the semiconductor manufacturer’s stock worth $35,000 after buying an additional 200 shares during the period. MJT & Associates Financial Advisory Group Inc. acquired a new stake in Micron Technology during the 1st quarter worth $36,000. Finally, Roxbury Financial LLC raised its stake in Micron Technology by 306.1% during the 1st quarter. Roxbury Financial LLC now owns 398 shares of the semiconductor manufacturer’s stock worth $37,000 after buying an additional 300 shares during the period. 80.84% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several brokerages recently commented on MU. Barclays raised their price objective on Micron Technology from $95.00 to $140.00 and gave the stock an “overweight” rating in a research note on Thursday, June 26th. CLSA assumed coverage on Micron Technology in a research note on Wednesday, August 27th. They set an “outperform” rating and a $155.00 price objective on the stock. The Goldman Sachs Group assumed coverage on Micron Technology in a research note on Thursday, July 10th. They issued a “neutral” rating and a $130.00 price target on the stock. KeyCorp lifted their price target on Micron Technology from $135.00 to $160.00 and gave the company an “overweight” rating in a research note on Thursday, June 26th. Finally, Arete Research raised Micron Technology to a “strong-buy” rating in a research note on Friday, July 18th. Two analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $159.65.

Read Our Latest Research Report on MU

Insider Buying and Selling at Micron Technology

In other Micron Technology news, EVP Manish H. Bhatia sold 80,000 shares of the stock in a transaction on Monday, June 30th. The stock was sold at an average price of $123.16, for a total transaction of $9,852,800.00. Following the transaction, the executive vice president owned 275,067 shares in the company, valued at $33,877,251.72. This trade represents a 22.53% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Sumit Sadana sold 92,638 shares of the firm’s stock in a transaction dated Friday, June 27th. The stock was sold at an average price of $125.49, for a total transaction of $11,625,142.62. Following the transaction, the executive vice president directly owned 201,326 shares in the company, valued at approximately $25,264,399.74. This represents a 31.51% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 275,946 shares of company stock valued at $34,242,567 in the last three months. Corporate insiders own 0.30% of the company’s stock.

Micron Technology Price Performance

NASDAQ:MU opened at $159.99 on Thursday. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.89 and a current ratio of 2.75. The stock’s 50-day simple moving average is $122.14 and its 200 day simple moving average is $104.54. The company has a market cap of $179.05 billion, a P/E ratio of 28.83 and a beta of 1.47. Micron Technology, Inc. has a 52-week low of $61.54 and a 52-week high of $160.59.

Micron Technology (NASDAQ:MU – Get Free Report) last released its earnings results on Wednesday, June 25th. The semiconductor manufacturer reported $1.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.57 by $0.34. The business had revenue of $9.30 billion for the quarter, compared to the consensus estimate of $8.83 billion. Micron Technology had a return on equity of 13.60% and a net margin of 18.41%.During the same quarter in the previous year, the business earned $0.62 earnings per share. Micron Technology has set its Q4 2025 guidance at 2.350-2.650 EPS. As a group, sell-side analysts forecast that Micron Technology, Inc. will post 6.08 EPS for the current fiscal year.

Micron Technology Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 22nd. Investors of record on Monday, July 7th were issued a dividend of $0.115 per share. The ex-dividend date was Monday, July 7th. This represents a $0.46 dividend on an annualized basis and a yield of 0.3%. Micron Technology’s dividend payout ratio (DPR) is presently 8.29%.

Micron Technology Company Profile

(Free Report)

Micron Technology, Inc designs, develops, manufactures, and sells memory and storage products worldwide. The company operates through four segments: Compute and Networking Business Unit, Mobile Business Unit, Embedded Business Unit, and Storage Business Unit. It provides memory and storage technologies comprising dynamic random access memory semiconductor devices with low latency that provide high-speed data retrieval; non-volatile and re-writeable semiconductor storage devices; and non-volatile re-writable semiconductor memory devices that provide fast read speeds under the Micron and Crucial brands, as well as through private labels.

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